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Fengate Asset Management, Canderel Team Up To Build Apartments in Ottawa Near Transit

CoStar Data Shows Buyers Paid $15.125 Million Price Tag for Site Slated for 600 Units
Fengate and partner Canderal plan to develop 600 apartments around a transit hub in Ottawa. (Garry Marr/CoStar)
Fengate and partner Canderal plan to develop 600 apartments around a transit hub in Ottawa. (Garry Marr/CoStar)
CoStar News
February 24, 2022 | 3:16 P.M.

Fengate Asset Management and Canderel Management Inc. are planning to develop two apartment buildings in Ottawa, constructing 600 units of much-needed housing in the country's capital where average monthly rent climbed 1.3% in 2021.

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